While the NFT market has lost considerable steam since peaking two years ago, the marketplace Magic Eden has been reaching new heights on its own, according to CEO Jack Lu. “Even though the overall market has been a bit soft, the year has been pretty good for Magic Eden,” he…
Over the past year, Bitcoin has evolved at an unprecedented pace. A so-called “Bitcoin Renaissance” has ushered in NFTs, token standards, staking, and dozens of new scaling solutions and “Layer 2s” built upon the oldest, most popular blockchain. In fact, while Bitcoin’s recent price action has been volatile, developers say…
This week’s roundup highlights Argentina’s efforts to protect cryptocurrency scam victims, Bancolombia’s integration of the Solana and Arbitrum networks, along with other key stories. Bancolombia’s Wenia Expands with Solana and Arbitrum Integration Bancolombia’s crypto platform, Wenia, has expanded its offerings by integrating the Solana and Arbitrum networks, allowing users to…
Illustration by Mitchell Preffer for Decrypt Degens had plenty to sink their teeth into last week on Crypto Twitter, with surprise developments emerging from numerous high-profile projects in the space. At the top of the week, Friend.tech, the once-red-hot decentralized social network with financial incentives, announced that development of the project…
In September 2024, Solana-based protocol Pump.fun became the fastest growing crypto app in history by some metrics, surging to $100 million in revenue in record time. The meme coin launchpad has birthed some of the biggest memes, viral metas, and dangerous moments in crypto history, including a cute dog named…
With all the shifts happening in the crypto scene, big names like Ethereum, Solana, and Avalanche may seem a bit overdone or old hat. However, there’s a new wave of tokens that are raring to go. Despite some uncertainty, these 5 fresh faces appear promising. Read on if you’re curious…
On Sept. 11, the Society for Worldwide Interbank Financial Telecommunication (SWIFT) announced that it was “paving the way towards real-world solutions that will enable our members to access and transact with regulated digital assets and currencies.” The organization has a vision of enabling its members to transact with both traditional…
The U.S. is at a “turning point” in crypto, and about to become “THE decisive leader” in nurturing the technology, Jeremy Allaire, CEO of stablecoin issuer Circle, wrote in an X post on Friday. Allaire said that several people “complain” that the U.S. government is hostile to the cryptocurrency industry.…
The Solana network is experiencing an increased influx of users and a “break-through moment,” thanks to the introduction of liquid staking on the blockchain. A new report by the leading cryptocurrency exchange, Bybit, stated that Solana’s liquid staking model, especially the exchange-launched liquid-staked SOL, would mobilize masses and accelerate the…
Announced in a September 13 post on X (formerly Twitter), the $6 million fund is backed by venture capital firm a16z and NFT marketplace OpenSea. Coinbase Creates NFT Legal Defense Fund as SEC Crackdown Intensifies The initiative comes in response to increasing regulatory scrutiny, including a Wells notice issued to…